why is it so important to balance the budget? I get that question quite a bit when I speak to school groups back in my district. Well, it is a fair question. After all, the economy has been doing OK lately and we have not had a balanced budget. Perhaps the best way to answer this question is to consider a person using a credit card who spends a little bit more than he makes each month. Every month when the bill comes, he pays off part of it, maybe just the minimum amount possible. Well, he can keep that up for a while, but eventually the mounting debt will overwhelm him and threaten his standard of living. The interest payments he is required to make each month just keep getting bigger and bigger. Well, that is exactly what has happened to the Federal Government. A $5 trillion debt that we have, unbelievable. It is time to get a grip. We need to balance the budget and start putting our financial house in order before it is too late. Let us cut the tax rate on the American people. The people of this country are overtaxed. Let us do something about it and let us do it now.
Editor's note · Context
Discussing the importance of balancing the federal budget and addressing national debt.
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